NRS 159A.117
Court approval required to make certain investments and loans and to exercise certain options

  • certain investments authorized without prior approval
  • investing property of two or more protected persons.

1.

Upon approval of the court by order, a guardian of the estate may:

(a)

Invest the property of the protected minor, make loans and accept security therefor, in the manner and to the extent authorized by the court.

(b)

Exercise options of the protected minor to purchase or exchange securities or other property.

2.

A guardian of the estate may, without securing the prior approval of the court, invest the property of the protected minor in the following:

(a)

Savings accounts in any bank, credit union, savings and loan association or savings bank in this State, to the extent that the deposits are insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755.

(b)

Interest-bearing obligations of or fully guaranteed by the United States.

(c)

Interest-bearing obligations of the United States Postal Service.

(d)

Interest-bearing obligations of the Federal National Mortgage Association.

(e)

Interest-bearing general obligations of this State.

(f)

Interest-bearing general obligations of any county, city or school district of this State.

(g)

Money market mutual funds which are invested only in those instruments listed in paragraphs (a) to (f), inclusive.

3.

A guardian of the estate for two or more protected persons may invest the property of two or more of the protected persons in property in which each protected person whose property is so invested has an undivided interest. The guardian shall keep a separate record showing the interest of each protected person in the investment and in the income, profits or proceeds therefrom.

4.

A guardian of the estate may access or manage a guardianship account via the Internet on a secured website established by the bank, credit union or broker holding the account.

Source: Section 159A.117 — Court approval required to make certain investments and loans and to exercise certain options; certain investments authorized without prior approval; investing property of two or more protected persons., https://www.­leg.­state.­nv.­us/NRS/NRS-159A.­html#NRS159ASec117.

Last Updated

Feb. 5, 2021

§ 159A.117’s source at nv​.us